The Housing and Homelessness Committee considered and approved a motion instructing the City Administrative Officer (CAO), in coordination with the Los Angeles Housing Department, to develop a comprehensive financial and conversion plan for interim housing sites acquired with Project Homekey funds, intended for future conversion to permanent housing. This plan includes an inventory of sites, estimated capital costs and timelines for conversion, identification of funding sources, and necessary budgetary or legislative actions from the City Council. The initiative aims to ensure the long-term sustainability of these housing solutions amidst potential funding shortages from programs like HHAP.